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Tez Financial Services Raises $1.1M in Seed Funding

Tez Financial Services, a Karachi, Pakistan-based digital Non-Bank Microfinance Company (NBMFC), raised USD$1.1m in seed funding. The round was led by Omidyar Network, with...

Daraz Raises €50M in Financing

Daraz, an online retailer in Asian frontier markets, secured €50m (approx. $55m) in the first financing round. Backers included CDC Group as well as...

foodpanda Acquires 8 Competitors in Asia and Middle East

Global online food delivery marketplace Foodpanda acquired 8 competitors to expands its leadership in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, Thailand, and in...

PakWheels.com Receives $3.5M in Funding

PakWheels.com, a Lahore, Pakistan-based automotive platform, received $3.5m in funding. Frontier Digital Ventures made the investment. The company intends to use the funds to improve existing...

Artsly Raises $175K from Kima Ventures

iKnowl, the Karachi, Pakistan-based parent company of Artsly, an educational content discovery platform for arts and crafts video lessons, raised $175k from Kima Ventures. Founded...

RBS Pakistan sold to MCB Bank for $87m

The Royal Bank of Scotland Group plc reached agreement in principle for the sale of its 99.37% holding in The Royal Bank of Scotland...

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